Mumbai, June 2 -- The scrip was listed at Rs 79.75, a 12.36% discount to the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 79.75 and a low of Rs 75.77. About 2.76 lakh shares of the company changed hands at the counter.

Harikanta Overseas' IPO was subscribed 1.11 times. The issue opened for bidding on 20 May 2026 and it closed on 22 May 2026. The price band of the IPO was between Rs 91 to 96 per share.

The IPO comprised a fresh issue of 27,70,000 shares. The company intends to utilise the net proceeds towards capital expenditure for factory premises, purchase of machinery, working capital requirements, and general corporate purposes.

Harika...